Tianan Insurance

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Tianan Insurance (天安保险股份有限公司) is China's fifth[ citation needed ] largest nonlife insurer. The company was established in 1994. In 2005, Japan's Tokio Marine & Nichido Fire Insurance Co., Ltd. purchased a 24.9% stake in the company. In July 2020, the Chinese government announced that it would take over the company. [1]

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References

  1. Xie, Stella (20 Jul 2020). "Chinese Regulators Take Over Nine Financial Institutions, Citing Risks". Wall Street Journal. New York City: Dow Jones & Company.